The past decade has witnessed a surge in interest in the area of financial globalization and economic performance. This was stimulated by the 1997–1998 Asian financial crisis after plans to adopt full capital account liberalization by IMF member states failed. Scholars have since focused on...

In this fully revised and updated second edition of a well-regarded and popular text, Hans Visser includes recent developments in the world economy such as the rise of currency boards and the changing role of the IMF in solving currency crises.

In the aftermath of the debates between Keynesians and monetarists, this book provides a lucid, concise overview of the most recent developments in monetary theory. Professor Visser has written an up-to-date survey which discusses major issues such as crowding out, the new classical...

Islamic finance is an especially momentous phenomenon, and this book will prove an essential read for students with an interest in money and banking, and particularly Islamic finance. It will also be highly influential for bankers and staff in financial institutions, as well as financial...

A Guide to International Monetary Economics is a systematic overview of exchange rate theories, an analysis of exchange rate systems and a discussion of exchange rate policies including discussion of the obstacles that may confront policymakers while running any particular system. This third...

Exchange rates have been subject to dazzling fluctuations since the end of the Bretton Woods system in the early 1970s, forcing international economists to re-think exchange rate theory and international monetary economics. The result has been a bewildering array of theories and models seeking...

The far-reaching liberalization process introduced in Chile after the overthrow of the Allende regime first met with reasonable success, but in the early 1980s a foreign-exchange crisis and a banking crisis appeared to mark the end of the experiment. Liberalization was resumed in 1985 and has...

The purpose of this paper is to examine the relationship between the foreign loan activity of multinational banks and their foreign representation. The investigation of this relationship is important because it shows that the activities of multinational banks cannot be described by an...

Na de crisis in Azië zoekt men allerlei manieren om het flitskapitaal aan banden te leggen. De achterliggende gedachte is dat financiële crises veroorzaakt worden door speculanten … la George Soros en het kuddegedrag van beleggers. Onze mening is dat de crisis in Zuidoost-Azië net als de...